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Flatiron School settles for operating without license, employment/salary claims
11–20 of 217 posts
Re: Flatiron School settles for operating without license, employment/salary claims
#12A while back, Zed Shaw was claiming to have some bootcamp takedown in the works based on dirt from students and insiders. But then nothing ever came of it. Not sure if he was afraid of getting sued or it was just posturing.
Re: Flatiron School settles for operating without license, employment/salary claims
#13"Between January and June 2017, Flatiron claimed that 98.5% of its students received employment less than 180 days after graduation and that Flatiron graduates had an average salary of $74,447. However, Flatiron did not disclose clearly and conspicuously that the 98.5% employment rate included not only full time salaried employees but also apprentices, contract employees and self-employed freelance workers, some who…
Having done some work for a school that's jumped through these hoops, I believe that it's a different definition of "approved." It's not "choose one of these curricula we made up and do that," it's "show us your complete curriculum and defend how this makes a complete program."
Re: Flatiron School settles for operating without license, employment/salary claims
#14"Under today’s agreement, Flatiron will pay $375,000 in restitution to eligible graduates" That's better than a fine. Though, it does mention 1000 students total, so perhaps not enough.
On one hand, this is a total pittance, on the other hand the value from getting actual statistics out there is pretty huge. I don't know if reaching a small settlement helped with that, but kudos to the AG for shining some light on the issue.
Re: Flatiron School settles for operating without license, employment/salary claims
#15"Under today’s agreement, Flatiron will pay $375,000 in restitution to eligible graduates" That's better than a fine. Though, it does mention 1000 students total, so perhaps not enough.
The school, which has taught approximately 1,000 students, charges students between $12,000 and $15,000 for a 12 to 16 week in-person class and approximately $1,500 a month for online coding classes. Let's assume a very conservative estimate of 800 students doing 1 of online work, and 200 students paying $12k for a class. That works out to $1.2M in online tuition, and $2.4M in in-person tuition. Given how conservativ…
It's funny, I did the same math and concluded there's no way they profited enough from this scheme to cover the cost of noncompliance. Even if they took $3.6M in revenue, they had to pay salaries, expensive rent, and overhead for 5 years. That's barely scraping by. Hopefully they're sitting on a pile of investor money they can use to pay this settlement.
Re: Flatiron School settles for operating without license, employment/salary claims
#16I'm not the biggest job-hopper, but I've worked at 3 companies in the last 5 years in the NYC area, and have never once worked with, known anyone who's once worked with, or knew a hiring manager who would even consider someone whose only significant background in software was a coding bootcamp. For those who've experienced it, are they hired out of desperation into firms that need manpower and have enough more senior…
I've worked with two folks from (Bay Area) bootcamps. Those two were fine junior developers; compare with someone just out of school. One was actually quite a bit better than someone just out of school, because he was a bit older and had real-world experience that filled in a lot of blanks.
Not saying that's normal. But my very limited experience with bootcampers has been positive.
Yes, they were hired for the same reason bootcamps exist: demand.
Re: Flatiron School settles for operating without license, employment/salary claims
#17>Reinvent your career at tech’s most trusted bootcamp If this is "most trusted" , i wonder what shady stuff is going on in other bootcamps.
It's just marketing crap. The same way every company says "we're the leading software company doing X". Where is this chart that you're leading? Is your lead verified by someone else?
Re: Flatiron School settles for operating without license, employment/salary claims
#18"Under today’s agreement, Flatiron will pay $375,000 in restitution to eligible graduates" That's better than a fine. Though, it does mention 1000 students total, so perhaps not enough.
On one hand, this is a total pittance, on the other hand the value from getting actual statistics out there is pretty huge. I don't know if reaching a small settlement helped with that, but kudos to the AG for shining some light on the issue.
I'm also happy about it being restitution vs a fine that goes to the government. The latter happens often.
Re: Flatiron School settles for operating without license, employment/salary claims
#19I'm not the biggest job-hopper, but I've worked at 3 companies in the last 5 years in the NYC area, and have never once worked with, known anyone who's once worked with, or knew a hiring manager who would even consider someone whose only significant background in software was a coding bootcamp. For those who've experienced it, are they hired out of desperation into firms that need manpower and have enough more senior…
We have a few folks from bootcamps. For our team, it gives us options into a pool of talent with other non-coding skills and backgrounds. For example, one of our developers from a bootcamp was an accountant, and another was a financial analyst. Both are useful skills for a fin-tech company [eShares].
Re: Flatiron School settles for operating without license, employment/salary claims
#20I'm not the biggest job-hopper, but I've worked at 3 companies in the last 5 years in the NYC area, and have never once worked with, known anyone who's once worked with, or knew a hiring manager who would even consider someone whose only significant background in software was a coding bootcamp. For those who've experienced it, are they hired out of desperation into firms that need manpower and have enough more senior…
In NYC - We brought someone on from a bootcamp a few months ago. He's the best bootcamp grad we talked to BY FAR and everyone more senior wouldn't take less than triple the salary we're all taking. We're a really small team, also.